Daiwa Securities Maintains Buy as Centrus Energy (LEU) Plans $1 Billion ATM Offering

According to Daiwa, the expected proviso interruption is driven by the Russian import waiver expiring astatine the extremity of 2027, which would chopped disconnected astir 25% of the proviso of uranium enrichment successful the U.S. market.

Additionally, Centrus Energy Corp. (NYSE:LEU) faced unit aft announcing that it had entered into an ATM equity offering income statement that volition alteration it to enactment up astir $1 cardinal successful Class A communal stock, with the proceeds going toward wide financing and institution goals.

Evercore ISI, maintaining an Outperform standing connected LEU stock, described the company’s ATM announcement arsenic a astute measurement to rise superior erstwhile disposable arsenic opposed to a reactionary move, noting that SWU prices proceed to emergence adjacent aft being “artificially depressed” astatine the contiguous terms of astir $220/SWU.

Centrus Energy Corp. (NYSE:LEU) is simply a Maryland-based supplier of atomic substance components and services that operates nether 2 concern categories: Low-Enriched Uranium and Technical Solutions.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.